Goat Funded Trader is a one of the most impactful prop firms in prop firm space, Founded in 2022 by Founder/CEO Edoardo Dalla Torre, Goat Funded Trader is based in Spain and also has an operating branch in Hong Kong. Goat Funded Trader let’s their trader access to max capital of $800,000 and also trader can scale up and access to up to $2 million in funding. The scaling plan also provide traders salaries which sweetens the deal. As of now, Goat Funded Trader has paid over $4.4 million in payouts. There are also benefits like in-house tech and one month free access to My Trading Journal Software, with which traders can backtest their strategies, use trading journals and do advance analysis in their trading strategies to improve.

Company Information

Company Name : Goat Funded Trader

Company Legal Name and Registration No. :  Wishes Tower International Limited(76428795) , Wishes Tower International SL (B44653145)

Company CEO : Edoardo Dalla Torre

Company Address : Hong Kong Address - RM 1205, 12/f. Beverly Hse 93-107 Lockhart Rd Wan Chai Hong Kong

Spain Address - calle Perez Galdos 32, 35002, Las Palmas, Spain

Challenge Details

Goat Funded Trader offers 3 types of 2-Step Challenge named as Goat, No Time Limit and Swing. Goat Funded Trader also offers an Instant Funding Program. Here are the details:-

2-Step Goat Challenge of Goat Funded Trader :-

Pricing :-

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 6%
• Total Loss: 10%
• Daily Loss: 4%
• Profit Share: 80% 
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: 1:50 on Forex, 1:20 on Metals and Commodities, 1:15 on Indices, and 1:2 on Cryptocurrencies
• Max Lot Size: No limit
• Payout Frequency: 30 Days, 14 Days, and On Demand
• Allows Copy Trading: No
• Minimum Trading Days: 0

Scaling Plan

Goat Funded Trader provides a scaling plan that offers traders a max scaled up capital of $2,000,000. This is how scaling plan condition and benefit works-

After 2 months and 4 Payouts :

• Account Balance will be increased by 15% of the initial balance.
• Profit split will be increased to 90/10.
• Daily Drawdown will be increased by 1%.
• Max Drawdown will be increased by 1%.

After 4 months and 6 Payouts :

• Account Balance will be increased by 30% of the initial balance.
• Daily Drawdown will be increased by 2%.
• Max Drawdown will be increased by 2%.
• Traders will be able to withdraw their payouts weekly.

After 5 months and 10 Payouts :

• Account Balance will be increased by 40% of the initial balance.
• Profit split will be increased to 92/8.
• Daily Drawdown will be increased by 3%.
• Max Drawdown will be increased by 3%.
• Next challenge will be free if failed.
• Monthly Salary for account 5K to 50K - $300.
• Monthly Salary for account 100K to 200K - $500.

After 6 months and 15 Payouts :

• Account Balance will be increased up to $2 million.
• Profit split will be increased to 95/5.
• Daily Drawdown will be increased by 4%.
• Max Drawdown will be increased by 4%.
• Payout can be withdrawn on Demand.
• Next challenge will be free if failed.
• Monthly Salary for account 5K to 50K - $300.
• Monthly Salary for account 100K to 200K - $500. 

Spreads and News Trading Rules :-

Spreads

Goat Funded Trader has partnered with Match-Trade to offers raw competitive spreads.

News Trading Rules

News trading is allowed in evaluation phases but Traders are not allowed to open or close positions within 2 minutes before and after a high-impact news event in Live Accounts, any profit made in this 4 minute window will be removed and if a trader consistently trades in this 4 minutes window then the account will be breached.

Although, holding a position throughout a high impact news is allowed.

Other Important Rules :-

Daily Drawdown Calculation

The daily drawdown is equity based drawdown, The drawdown will be recalculated based on equity or balance whichever is higher at 5PM EST. Which means the drawdown can shrink or grow the drawdown limit based on the performance of the account.

Countries Banned from Purchasing

Goat Funded Trader does not few countries to join their program and these countries are - Russia, Cuba, Sudan, Somalia, Iran, Lebanon, Syria, North Korea, Libya, Vietnam.

Gambling Rules

There are few activities that Goat Funded Trader looks at as Gambling, These activities are:-

• Taking 50% or more of your trades and holding them no longer than a minute.
• Executing 5 Trades in a same losing direction to tackle the loss.
• Executing one Trade and after that executing another trade on the same position with making the first trade “Risk-free” by moving the Stop loss too Breakeven.
• Holding a Position or positions with the expectation or either pass or fail in one trade.

The last given point is totally allowed in swing account.

Prohibited Strategies 

There is a list of strategies that are restricted by Goat Funded Trader and these strategies are-

• Latency arbitrage
• Utilizing Non-Public or insider information like signals 
• Hedging in the same account or with multiple accounts
• Off-the-Shelf EAs
• Front Running Trades

Payout Methods :

Goat Funded Trader provides Payouts via Rise. The payout will be sent to the trader’s Rise account and after that trader can withdraw their payout in crypto or transfer the money straight to the bank.

Trading Commissions :

Commissions set for cryptocurrencies, indices and commodities - $0 per lot

Commissions set for forex and metals - 5$ per lot